Pacer Lunt MidCap Multi-Factor Alternator ETF (ARCA: PAMC)

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The Fund employs a passive management (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed by Lunt Capital Management, Inc. (Lunt Capital or the Index Provider).

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Pacer Lunt MidCap Multi-Factor Alternator ETF

Bangkok,,Thailand,-,May,2021,:,Hoka,Running,Is,Launch

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Analyst lowers rating on DECK and price target due to weaker DTC growth. EPS estimates also reduced for FY24-26. 

Deckers Outdoor Faces Direct-To-Consumer Growth Slowdown, Analyst Downgrades Stock

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Super Micro Computer, Inc (NASDAQ: SMCI) set to join S&amp;P 500 on Monday, recognized for its role in generative AI with partnerships with Nvidia and AMD.

Super Micro&#39;s Strategic Moves and AI Chip Alliances Catapults Stock, Enters S&amp;P 500 Index

Truist Securities analyst Joseph Civello downgraded Deckers Outdoor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) stock to Hold from Buy and cut the <a href="https://www.benzinga.com/quote/DECK/analyst-ratings" target="_blank" rel="noreferrer noopener">price target to $864 from $983</a>.



The analyst wrote that Truist Card Data indicated HOKA's Direct-to-Consumer (DTC) growth decelerated in mid-February and remained softer through March.&nbsp;



Consequently, the analyst lowered the segment growth forecast to 25% (to $190 million) from ~40% (to $210 million).



The analyst said the recent market reactions to slowing growth have been extremely negative.&nbsp;



Civello lowered EPS estimates to $27.10 (from $27.15) for FY24, $29.85 (from $31.00) for FY25, and $34.15 (from $36.00) for FY26.



Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P MidCap Momentum ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XMMO#NYSE">XMMO</a>) and&nbsp;Pacer Lunt MidCap Multi-Factor Alternator ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAMC#NYSE">PAMC</a>).



DECK Price Action: Deckers Outdoors shares are up 0.24% at $812.08 Thursday at publication.



Photo: HOKA shoes photo by <a href="https://www.shutterstock.com/g/NattawitKhomsanit">Nattawit Khomsanit</a> via Shutterstock

Super Micro Computer, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37781524/supermicro-joins-the-s-p-500-index-recognition-of-remarkable-growth-in-sales-and-market-capitaliza" rel="noreferrer noopener">set to join</a>&nbsp;the S&amp;P 500 on Monday, marking a significant milestone for the company known for its pivotal role in the generative AI revolution.&nbsp;



Leveraging its strategic proximity and partnerships with industry leaders&nbsp;Nvidia Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;Advanced Micro Devices Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Super Micro has consistently been at the forefront, receiving cutting-edge AI chips.&nbsp;



The close relationship between Super Micro and chip giants like Nvidia and AMD, situated just a short drive away in Silicon Valley, has been instrumental in Super Micro&#8217;s rapid growth.&nbsp;



Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/03/37516106/super-micros-earnings-skyrocket-with-ai-demand-analyst-highlights-growth-trajectory" target="_blank" rel="noreferrer noopener">Super Micro&#8217;s Earnings Skyrocket with AI Demand: Analyst Highlights Growth Trajectory</a>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/18092814/newplot-29.png" alt="" class="wp-image-255604" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/18092814/newplot-29.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/18092814/newplot-29-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>



The company&#8217;s ability to quickly bring server products to market, a feat unmatched by competitors Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)<a href="https://www.delltechnologies.com/" target="_blank" rel="noreferrer noopener"></a> and Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), stems from this proximity and collaboration.



This advantage has positioned the company as a leading server supplier for generative AI applications, contributing to a remarkable 289% share surge this year, Reuters reports.



The company&#8217;s ability to quickly manufacture, assemble, test, and ship server racks—often within weeks—has been crucial in maintaining its competitive edge.&nbsp;



Founded in 1993, the same year as Nvidia, Super Micro thrived under CEO Charles Liang&#8217;s continuous leadership.&nbsp;



Super Micro&#8217;s strategy of creating versatile &#8220;building blocks&#8221; for servers allows it to cater to a wide range of AI applications, from self-driving cars to language generation systems. This flexibility, along with a significant inventory investment, positions Super Micro as a leader in the AI server market, the Wall Street Journal&nbsp;<a target="_blank" href="https://www.wsj.com/tech/ai/super-micro-computer-company-profile-d93a41da" rel="noreferrer noopener">reports</a>.



With plans to expand manufacturing in the US, Taiwan, and Malaysia, Super Micro aims to significantly increase its server production, focusing heavily on AI applications.



Analysts believe Super Micro&#8217;s swift go-to-market strategy and broad product portfolio have been instrumental in its success. The company&#8217;s revenues more than doubled in the final quarter of 2023, with expectations of sustained triple-digit growth into at least September 2024.



Bank of America analysts project Super Micro&#8217;s share in the AI server market to increase to 17% by 2026, up from 10% in 2023. This optimism has elevated Super Micro&#8217;s market valuation to $60 billion, a substantial rise from around $5 billion before ChatGPT&#8217;s launch in November 2022.



Investors can gain exposure to Super Micro via&nbsp;Pacer Lunt MidCap Multi-Factor Alternator ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAMC#NYSE">PAMC</a>) and&nbsp;Invesco S&amp;P MidCap Quality ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XMHQ#NYSE">XMHQ</a>).



Price Action: SMCI shares traded lower by 8.56% at $978.35 on the last check Monday.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo via Company

Super Micro's Strategic Moves and AI Chip Alliances Catapults Stock, Enters S&P 500 Index

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